A Contrarian Bet That Lulu Has Hit Bottom

Sentiment is so negative on Lululemon that a dollop of good news could send shares soaring.

Lululemon Athletica's stock is so despised by investors that it merits some options love.

With the stock about 50% below its 52-week high, anchored by a massive short position created in anticipation of continued weakness, investor sentiment is so pessimistic that it may be a bullish indicator. So many analysts and investors hate the stock that the slightest bit of good news could push it higher.